Oaktree Specialty Stock Price, News & Analysis

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported a total investment income of $41.9 million ($0.29 per share) for Q2 2021, up from $38.2 million in Q1 2021. This increase was primarily due to new originations and the merger with Oaktree Strategic Income Corporation (OCSI). GAAP net investment income surged to $18.1 million ($0.12 per share), with a 4% increase in net asset value per share, now $7.09. The company declared an 8% increase in quarterly cash distribution to $0.13 per share, marking the fourth consecutive rise in dividends.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will announce its financial results for the second fiscal quarter ending March 31, 2021, before Nasdaq opens on May 6, 2021. A conference call will take place at 11:00 a.m. Eastern Time on the same day to discuss these results. Interested parties can participate by dialing (877) 507-4376 for U.S. callers or +1 (412) 317-5239 for international callers. There will also be a live webcast available on the company's website and a replay afterwards.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) has finalized its merger with Oaktree Strategic Income Corporation (OCSI), with OCSL as the surviving entity. The merger creates a combined entity with over $2.2 billion in assets. Under the agreement, OCSI shareholders will receive 1.3371 shares of OCSL for each OCSI share held. OCSL stockholders will own 78.2% of the new entity. Additionally, Oaktree Fund Advisers will waive $750,000 in management fees for the next eight quarters, totaling $6 million in waived fees. A contingent special distribution of $0.10 per share is also announced for OCSI stockholders.

On March 15, 2021, Oaktree Specialty Lending Corporation (NASDAQ:OCSL) and Oaktree Strategic Income Corporation (NASDAQ:OCSI) announced that stockholders approved their two-step merger, with over 98% voting in favor. The transaction is expected to close on or about March 19, 2021, pending customary closing conditions. CEO Armen Panossian expressed gratitude for the stockholders' support, emphasizing the anticipated benefits of the merger for stakeholders.

Oaktree Specialty Lending (NASDAQ: OCSL) reported fiscal Q1 2021 results for the quarter ending December 31, 2020, with total investment income of $38.2 million ($0.27 per share), down from $43.6 million ($0.31 per share) in Q4 2020. GAAP net investment income was $10.0 million ($0.07 per share), a decrease from $24.5 million ($0.17 per share) due to lower income and higher fees. However, NAV per share rose 5% to $6.85. The Board declared a cash distribution of $0.12 per share, marking a 9% increase. The company originated $286.3 million in new investments during the quarter.

Oaktree Specialty Lending (NASDAQ:OCSL) will announce its financial results for Q1 ending December 31, 2020, on February 4, 2021, before market opening. A conference call to discuss these results is scheduled for the same day at 11:00 a.m. ET. Interested parties can access the call via phone or a live webcast on the company’s website. Oaktree Specialty Lending focuses on providing flexible credit solutions, targeting companies with limited access to capital markets, aiming for both current income and capital appreciation.

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported strong financial results for the fiscal year and fourth quarter ending September 30, 2020. Total investment income rose to $43.6 million ($0.31 per share) for Q4, while full-year income decreased to $143.1 million ($1.02 per share). Net investment income reached $24.5 million ($0.17 per share) for Q4, marking an increase from last year. NAV per share grew 6% to $6.49, attributed to unrealized gains from debt investments. A quarterly cash distribution of $0.11 per share was declared, a 5% increase from the prior quarter.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) and Oaktree Strategic Income Corporation (NASDAQ:OCSI) announced a merger agreement with OCSL as the surviving entity, pending stockholder approval. OCSI shareholders will receive OCSL shares based on net asset value, with an estimated exchange ratio resulting in a 77.5% ownership for OCSL stockholders. The merger is expected to enhance net investment income through operational synergies and a management fee waiver of $6 million over two years. Enhanced liquidity and portfolio diversification are also anticipated. The merger aims to close in Q2 2021.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) announced it will report its financial results for the fourth fiscal quarter and full year ending September 30, 2020, on November 19, 2020, before market opening. A conference call will follow at 11:00 a.m. Eastern Time to discuss the results. Shareholders can access the call via phone or a live webcast on the company's website. Oaktree specializes in providing customized credit solutions to firms lacking capital market access, aiming for income and capital appreciation through various financing options.